White Oak Capital rolled out a new fund offer (NFO) for its large cap fund. The offer opened on November 10 and will close on November 24. The scheme offers two plans: regular and direct with options of growth and income distribution cum capital withdrawal (IDCW).
To be able to invest, one can make an investment of ₹500 via lumpsum or SIP. The minimum SIP amount of ₹500 is for weekly, fortnightly and monthly SIP whereas quarterly SIP must be a minimum of ₹1,500.
The scheme's minimum target amount is ₹10 crore and the benchmark index is S&P BSE 100 TRI. The scheme’s fund managers will be Ramesh Mantri, Piyush Baranwal, Trupti Agrawal and Shariq Merchant.
It is an open-ended equity scheme predominantly investing in large cap stocks. The investment objective is to provide long-term capital appreciation/income by investing predominantly in and managing a diversified portfolio of Large-Cap stocks.
|White Oak Large Cap Fund|
|Date launched||Nov 10|
|Issue to close||Nov 24|
|Plans offered||Regular & direct|
|Minimum application sum||₹500 (lumpsum or SIP)|
|Benchmark index||S&P BSE 100 TRI|
To adhere to the fund's mandate, AMC will invest at least 80 percent of assets in large cap funds while the remaining in other stocks - mid caps, debt securities and units issued by REITs & INvITs.
There are a number of characteristics of large cap companies which include: easier access to capital, industry leaders, long established track record, relatively stable business, better access and availability of talent and stronger balance sheet that helps to survive economic downturns.
The fund scheme will carry an exit load of 1 percent if fund units are redeemed/ switched out on or before one month from the date of allotment. There will not be any exit load afterwards.
To woo the investors, AMC says there are 100 large cap stocks with market capitalisation more than ₹47,461 crore.
The scheme will reopen for sale and repurchase within five business days from the date of allotment.